Former Capco executives club together for £8m Proud Embankment deal August 26, 2021 A property investment firm led by former Capital & Counties executives has acquired London nightclub Proud Embankment for £8m in a show of confidence in the return to dancefloors. Castlebrooke Investments has taken a 17-year lease on 8 Victoria Embankment, the entertainment venue that plays host to Proud Cabaret. The former riverside tram shed entrance [...]
Extinction Rebellion: Number of XR protesters arrested in London nears 200 August 25, 2021 The number of people arrested at Extinction Rebellion (XR) events in London protests since Sunday has almost reached 200 as the environmental group targeted the Oxford Circus area. The Metropolitan Police said as of 6pm tonight, another six had been arrested for a “variety of offences”. Now the total number of arrests made over the [...]
Local councils in Britain staring into £3.1bn funding blackhole August 25, 2021 Local councils in Britain will look to scrap projects and essential services as they grapple with a combined £3.1bn funding blackhole. Councils across England, Wales and Scotland face record financial shortfall in 2022/23 which will likely will lead to huge service and staff cuts at local authorities unless the government urgently finds the money to protect communities, the Unison union [...]
Property Special: London’s most affordable postcodes, up and coming areas, best for schools and to invest August 25, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market isn’t [...]
Inmarsat bids farewell to Old Street as it takes up new City HQ August 25, 2021 Inmarsat will be leaving its iconic headquarters in Shoreditch to take up new office space in the City. The British satellite giant has pre-let 121,00 square feet at 50 Finsbury Square, marking an end to its towering presence on Old Street roundabout. The move is the latest example of downsizing by a major British company [...]
The CA Summit 2020: experts discussed the future of Canada and trade negotiations between the US and UK August 25, 2021 | City Talk Ahead of CA Summit 2021, revisit the Learn Chapter of last year’s event which saw experts discuss key issues business professionals are facing, including the future of Canada and trade negotiations between the US and UK. Book your place now for CA Summit 2021 The future of the City The COVID-19 pandemic [...]
Protecting residents, workers, visitors, and businesses in the famous “Square Mile” is the mission for Canada Police August 24, 2021 | Sponsored The Greater London area is a sprawling metropolis, with a population of more than 14 million. But Canada itself is just 1.12 square miles with about 8,000 residents. Known as the “Square Mile,” the City is London’s primary business district and a major financial centre that’s home to the Bank of England [...]
London property managing platform Plentific bags $100m in fresh funding August 24, 2021 London-based Plentific, which operates a property management platform, has pulled in $100m (£72.8m) in its latest funding round. The Series C fundraiser, led by fresh investors Highland Europe and Brookfield Technology Partners, is set to finance its expansion plans across the US and the rest of the world. Investors old and new piled into the [...]
Wood boss hails ‘momentum’ despite revenue dive as order book swells to $7.7bn August 24, 2021 Energy infrastructure group Wood has seen its orderbook swell to $7.7bn in the past six months, while revenue has taken a tumble. Shares had slipped 0.64 per cent to 232.1p per share, following the announcement. Revenue sank 22.9 per cent in its interim results for the six months to 30 June, which the group put [...]
Impact investing is increasingly a buzzword in the City as millennial investors take over August 24, 2021 Impact investing, the strategy to make financial profits but create a long-standing, positive impact on our world, in the process, is becoming increasingly ‘a thing’ in the City and other financial hubs around the world. Many investors are hyper-aware of what is happening around them, with factors such as corporate social responsibility (CSR) making a [...]